I would love to hear from our South Florida investors on which approach has worked best for you in getting some leads. 

I project manage now, which isn't necessarily easier or better, it's just more efficient with my time as I have other businesses that generate revenue, including new construction/custom remodels and a thriving real estate agency business.Contractors have always been the biggest challenge for me in the business. 

In this way you can control the rights to the property and approach tenants to negotiate an LOI and then execute a lease before closing on the property/If area is good generally demand is there unless developers are slamming up so much product there is an oversupply to demand.

Anything else is going to be a lot more challenging (although doable I am sure). 

That is the obvious approach to utilising cash and maximising your returns.

That’s kinda along the lines of what I was thinking, as far as approaching them.

FHA approach is a solid solution allowing you to grow a portfolio right now with little money down.Issue is it must be owner occupied,however for how long I am uncertain.

I was also thinking a MF house hack would probably be a pretty good option to start, however the high cost of our market might make that a real challenge.

Ours is a new construction so the challenge was in securing a plot zoned for multi.

Now I am looking into the Northern Kentucky Market for rental properties in a buy-and hold multi-family approach (but still under 4 units per building so as to avoid commercial loans).I have found a few properties I am interested in that cash flow well and I have found a real estate agent and property manager I am comfortable with.